The strategic acquisition expands TE’s sensible grid monitoring, safety, and automation capabilities
OTTOBRUNN, Germany – Jan. 11, 2023 – TE Connectivity (TE), a world chief in connectivity and sensors, has acquired Kries, a German pioneer in sensible grid techniques. With this strategic acquisition, TE’s vitality enterprise unit strengthens its place as a number one supplier of grid reliability options to utilities and house owners of energy networks and infrastructure in renewable energy worldwide.
The acquisition expands TE’s portfolio of energy grid monitoring, safety and automation techniques. By including intelligence to their distribution grid, grid operators can detect fault circumstances, carry out predictive upkeep and strengthen the interaction between energy era and consumption, which is important for the transition to renewable vitality.
“For 28 years, Kries has been a number one participant in grid digitalization, serving to distribution community house owners successfully enhance grid uptime and community effectivity ,” stated Gunter Kries, founding father of the corporate. “With TE, Kries good points entry to a worldwide gross sales community and turns into their new engineering and manufacturing competence heart for sensible grid innovation. I’m excited for the way forward for the Kries enterprise.”
“Kries is a lovely addition to TE’s portfolio attributable to its confirmed market status and revolutionary options that strengthen our place as a supplier of grid reliability by means of sensible grid options . I’m delighted to welcome the proficient Kries staff to TE,” stated Bart Otten, senior vp and normal supervisor of TE’s vitality enterprise unit. “Including Kries to our portfolio will improve the worth we carry to our clients as a connectivity companion. This acquisition is a essential milestone in our strategic imaginative and prescient to be the companion of selection for innovation or sustainable vitality networks that preserve energy going.”
ABOUT THE CRISIS
Kries is a German pioneer in sensible distribution grid options that assist maximize uptime for energy grids all over the world. Based in 1994 by Gunter Kries, the corporate is constructed on a deep tradition of high quality and innovation and goals to optimize the supply of electrical energy provide – each as a primary want and as an essential enabling factor to switch renewable vitality. Kries merchandise may be present in excessive voltage tools everywhere in the world and comprise an entire supply for automation, transparency and effectivity in medium and excessive voltage distribution grids.
TE Connectivity is a worldwide industrial know-how chief making a safer, sustainable, productive and linked future. Our wide selection of connectivity and sensor options, confirmed in probably the most excessive environments, allow developments in transportation, industrial purposes, medical know-how, vitality, information communications and the house. With greater than 85,000 workers, together with greater than 8,000 engineers, working with clients in roughly 140 nations, TE makes certain to SEE THE CONNECTION STORY. Be taught extra at www.te.com and on LinkedIn, Fb, WeChat and Twitter.